# Japan's finance minister: Watching currency moves carefully

> The dollar had risen nearly 5% against the yen this year as markets priced out an early end to Bank of Japan negative rates. The yen stood at 148.12 per dollar on Friday. Japan's finance minister said the government is watching currency moves closely and wants the BOJ to achieve its inflation target.

- Date: 2024-01-19 · published 2024-01-19T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/32367-japan-s-finance-minister-watching-currency-moves-carefully
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Official signals about currency watching can influence yen expectations, which affects Japan's dollar-priced feed import costs. The comments have no direct effect on grain supply or demand.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/japans-finance-minister-watching-currency-moves-carefully-2024-01-19/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.